more commercial does not mean more more residents Rather, it is the other way around.

That's why commercial can have large vacancies when it builds faster than incoming residents.

Meanwhile, it begins.

"Trump Revamps U.S. Trade Focus by Pulling Out of Pacific DealWith the stroke of a pen, President Donald Trump abruptly ended the decades-old U.S. tilt toward free trade by signing an executive order to withdraw from an Asia-Pacific accord that had been promoted by companies including Nike Inc. and Wal-Mart Stores Inc. as well as family farmers and ranchers..."

Any educated person will tell you that history does not repeat itself if the rules have changed.

Meanwhile...

"China’s Army of Global Homebuyers Is Suddenly Short on Cash

Property sales from London to California wobble on China curbs...

In London, Chinese citizens who clamored to purchase flats at the city’s tallest apartment tower three months ago are now struggling to transfer their down payments. In Silicon Valley, Keller Williams Realty says inquiries from China have slumped since the start of the year. And in Sydney, developers are facing “big problems” as Chinese buyers pull back, according to consultancy firm Basis Point.

“Everything changed’’ as it became more difficult to send money offshore, said Coco Tan, a broker associate at Keller Williams in Cupertino, California..."

The market hasn’t gone to complete shreds. The entry level condo market is still chugging along. Whatever entry level is for your specific area. In Vancouver that’s the sub $600,000 market, in Richmond that’s the sub $400,000 market. These markets are still relatively “affordable” and thanks to Christy Clarks brilliant first time home buyers loan, it could keep pace...

The Bad

The bad, Vancouver townhouses. Perhaps no surprise, as detached houses in the area become cheaper the incentive to pay almost a million dollars for a townhouse in Vancouver is beginning to make less sense. At the midway point of January there have only been a combined 5 sales in Vancouver East and West. For comparison, there were 22 sales in the same period last year. Should townhouse sales continue at this pace it will mark a 76% drop year over year...

The Ugly

Vancouver West single family homes. Perhaps this comes as no surprise, since these homes are out of reach for 99% of locals, and have surged by 48% over the past 2 years. A price correction seemed impossible to avoid. Based on my conversations with prominent Realtors who focus on that product they tell me prices are down 20% from the peak. This is not reflected yet in the benchmark price..." http://vancitycondoguide.com/the-good-the-bad-and-the-ugly/

East Vancouver detached. Sales were at a a crawl - picked up the past two weeks. Not much happening for movement in sales or price. I see about 10-15% off peak...thats it.Now that Chinese New Year is here we'll see...